NIO-SW (09866.HK) +0.100 (+0.232%) Short selling $28.04M; Ratio 26.849% 's April sales spiked 135%/ 32% YoY/ MoM to a new high of 15,620 units this year, close to the previous peak of 18,000-20,000 units per month, Morgan Stanley said. Of which, SUV sales rose 31% MoM to 8,800 units, while sedan sales grew 33% MoM to 6,800 units.
Morgan Stanley saw weekly orders rising more sharply last month, likely driven by recent discounts, price adjustments for battery rental services and a knock-on effect from the launch of XIAOMI-W (01810.HK) +0.540 (+3.061%) Short selling $117.83M; Ratio 11.921% 's SU7.
Morgan Stanley currently rated NIO-SW's ADR, NIO Inc. (NIO.US) , at Overweight, with a target price of US$10.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-03 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
